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Is your 401(k) working for you…. or against you?

Is your

working for you…. or against you?

Get a free personalized report to see how your plan stacks up against others in your industry.

Your Free 401(k) Health Report will include the following:

1. Overall Plan Rating

Scored on a scale of 1-100 (100 being the best.)

2. Admin Fee Score

Add this fee to your investment expense ratios for an idea of what your 401(k) REALLY costs you yearly. It’s not uncommon to see this number above 1.5% with plans that are unmaintained.

3. Average Employer Contributions per employee

How generous is your company compared to others in their industry.

4. Average Participant Contributions

Are employees taking advantage of the plan?

401(k) Frequently Asked Questions

Knowing how your 401(k) works is key to unlocking its full potential for your retirement. By understanding:

Plan features: What type of plan is it? Does it offer a company match?

Fees: What are the associated costs like administrative and investment fees?

Investment options: What funds are available and how do they align with your risk tolerance and retirement goals?

You can make informed decisions that impact your future. Studies show that even small fee differences can translate to thousands of dollars more in retirement savings.

Understanding your 401(k) empowers you to make informed decisions about your retirement savings. Here are some key areas to focus on:

1. Fees:

  • Look for investment options with low expense ratios. Aim for a total cost below 1% for optimal growth. (Remember, Admin costs + expense ratio = real cost of investing)
  • Ask your employer for plan details and fee breakdowns.

2. Contributions:

  • Understand your plan’s contribution options and consider maximizing your contributions, especially if there’s a company match.
  • Explore educational resources provided by your employer or seek professional financial advice to optimize your contributions.

3. Investment options:

  • Ensure the available investment options align with your risk tolerance and retirement goals.
  • Utilize plan tools or consult a financial advisor to understand your investment choices.

4. Company match:

  • If your employer offers a match, prioritize contributing at least enough to capture the full benefit.
  • Understand the match vesting schedule and how it impacts your retirement savings.

Yes, you can usually roll over an old 401(k) into your current employer’s plan. This can be beneficial as it allows you to consolidate and keep a closer eye on your investments, potentially lower fees, and potentially access wider investment options.

Maximize Your Retirement: Get Your Free Custom 401K Analysis Today!

Unlock valuable insights into your retirement planning with a complimentary, customized report. Find out how your 401K plan measures up against others in your sector. Take the first step towards optimizing your future—request your personalized report today for expert 401K advice!